Director Shareholding

National Grid Group PLC
17 January 2002


National Grid Group plc (National Grid)
17 January 2002

QUALIFYING EMPLOYEE SHARE OWNERSHIP TRUST (Quest)
(Notification Of Directors' Interests pursuant to
Section 324(2) of The Companies Act 1985)

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Today, each of the Executive Directors of National Grid
(E M Astle, S J Box, S J Holliday, R P Sergel and R J Urwin)
technically ceased to be interested in 39,732 NGG Ordinary shares,
by virtue of the Quest transferring the shares to employees.

(Note: For Companies Act purposes, the Executive Directors of
National Grid are deemed to have a technical interest in the
shares held in National Grid's Quest, together with all participating
employees. The interest ceases when shares are transferred to participants
who exercise their Sharesave scheme options.)

Contact: D C Forward, Assistant Secretary (0207 312 5860).